Generations Credit Union

Deposits held and insured by Community 1st Credit Union

Overview / Commentary
800-672-7211
929 Eastside St Se
Olympia, WA 98501
Deposits held and insured by Community 1st Credit Union

Field of Membership Restrictions

Generations Credit Union is open to those who live or work in the state of Washington. Established members can open CDs over the phone, but those who are joining Generations CU need to visit a branch to open a CD.
See current membership details

Reviews (2)

Sleepy Little Community Credit Union

I joined and sucessfully opened two CDs with Generations this week. Unfortunately, they, like so many credit unions, require a hard credit pull, so unfreezing the credit bureau account slows things down a bit. This is not disclosed on their website.
Speaking of their website, some of the information there is "outdated." For example, the early withdrawal penalty for CDs with a term longer than 12 months is 180 days of dividends (still not bad when taking interest rate risk on a five year CD). So, if you have an issue important to you, call them for the answer, don't rely on information on the website.
Their online membership application process is fairly efficient. Of course, if you are in a rush to lock in the high CD rates (note they have tiered rates, with 2.12% apy at five years for amounts in excess of $50,000), like I was, it takes a couple of days to complete the process, including the previously mentioned branch visit.
Hint: not mentioned by customer service. Even though you have an appointment, you are expected to call them from the door to be admitted, so don't leave your cell phone at home.

Must Sign CD Paperwork In Person

After a few calls and as I was about to finalize an online CD at 2.12% for 60 mos I was told "oops"... You must come into one of our branches to physically sign the paperwork. No electronic signature nor signature by mail. Stoneage banking has returned. Oh well...went to Hughes FCU in AZ. Nice folks, helpful, easy.



Health
A

Data as of Q1 2021

Data displayed below is for insuring bank: Community 1st Credit Union
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Health Grade Components

Overall
NCUA #60079
Year Chartered1934
Employees49
Primary Regulator
Profit Margin
Return on Assets - YTD0.58%
Return on Equity - YTD5.41%
Annual Interest Income$1.7MM
Assets and Liabilities
AssetsQ1 2021vs Q1 2020$189.9MM$145.5MM
LoansQ1 2021vs Q1 2020$124.7MM$95.3MM
DepositsQ1 2021vs Q1 2020$165.0MM$118.0MM
Equity CapitalQ1 2021vs Q1 2020$19.4MM$18.9MM
Loan Loss AllowanceQ1 2021vs Q1 2020$753.00K$809.00K
Unbacked Noncurrent LoansQ1 2021vs Q1 2020$472.00K$715.00K
Real Estate OwnedQ1 2021vs Q1 2020$74.00K$74.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Generations Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Generations Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%--Coverdell ESA
0.25%--Holiday Club
0.25%--IRA Savings Account
0.10%--Regular Savings
0.10%--Prime Time Savings
0.10%$5-Kid's Club Savings

Generations Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$2.5k-Money Market Account

Generations Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$200-Capital Checking

Generations Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%*$50k*-60 Month CD
OTHER TIERS: 1.30% $500 - $50k
1.25%*$50k*-48 Month CD
OTHER TIERS: 1.20% $500 - $50k
1.15%*$50k*-36 Month CD
OTHER TIERS: 1.10% $500 - $50k
1.05%*$50k*-24 Month CD
OTHER TIERS: 1.00% $500 - $50k
1.00%$100-12 Month Kids Club CD
0.85%*$50k*-18 Month CD
OTHER TIERS: 0.80% $500 - $50k
0.75%*$50k*-12 Month CD
OTHER TIERS: 0.70% $500 - $50k
0.45%*$50k*-180 Day CD
OTHER TIERS: 0.40% $500 - $50k
Locations


Generations Credit Union Locations
Corporate Office955 Ross Loop Suite 100Dupont, WA 98327
Branch Office19419 Highway 99Lynnwood, WA 98036
Branch Office720 Capitol Way SOlympia, WA 98501
Branch Office4702 S Pine StTacoma, WA 98409-6451
Branch Office10700 27th Ave SSeattle, WA 98168

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